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lozanna [386]
3 years ago
11

When calculating the effective rate of a loan, which statement or statements must be true if n is greater than 1? I. The length

of the loan is greater than a single year. II. The effective rate will exceed the nominal rate. III. The interest will be compounded monthly. A. II only b. II and III c. I and III d. I, II, and III.
Mathematics
2 answers:
Fed [463]3 years ago
8 0

When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.

<h3>Effective Annual Rate:</h3>

The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.

Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.

It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.

The effective yearly interest rate rises over time as the number of compounding periods increases.

Therefore, the correct option is A.

Learn more about the loans here:

brainly.com/question/2405320

hram777 [196]3 years ago
7 0

Answer: Yes, the option is indeed A. II only.

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Fixed costs are $3,000, variable costs are $5 per unit. The company will manufacture 100 units and chart a 50% markup. Using the
dmitriy555 [2]

Answer:

1. Using the cost-plus pricing method, the selling price = $5.25

2. The change in selling price from 2018 to 2019 is $3.69 or 33.5% reduction.

3. To break-even, unit sales = 4,000 units

To realize a target return of $200,000, the unit sales = 5,600 units

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Total costs = $3,500 ($500 + $3,000)

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Cost-based pricing with a profit margin = $3 per unit

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Variable cost = $2 per unit

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c) Fixed costs = $500,000

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To break-even, unit sales = $500,000/$125 = 4,000 units

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Variable costs = $6 per platter

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Contribution margin per meal = $4 ($10 - $6)

Units to break-even = $50,000/$4 = 12,500 meals

Sales revenue at break-even point = $50,000/40% = $125,000

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